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The new president of Argentina risks losing global trade positions due to ideological disagreements.
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The new president of Argentina risks losing global trade positions due to ideological disagreements.

Deputy Golyan is concerned that the ideological position of the new government of Argentina will affect trade with Russia and China. The proposals of the previous government for developing cooperation with China may be replaced by products from the USA and Brazil, which could worsen the economic situation in the country. President Milei also expressed the intention to strengthen ties with the USA and Israel, but not to hinder commercial relations with China.

16 July 2024 16 July 2024

Deputy Daniel Gollan is concerned that Argentina risks losing its positions in global trade due to the ideological position of the new government. He notes that the government insists on an ideological stance that contradicts Argentina's national interests, making it difficult for businesses to be interested in establishing commercial ties with Russia. The deputy also questions the trade relations with China, Argentina's second largest trading partner. This partner buys a number of goods from Argentina that could be replaced by products from Brazil and the USA.

Gollan gives the example of soybeans, which China could replace with soybeans from the USA and Brazil, although the previous government proposed value-added policies to attract China to purchase Argentine soybeans, which would bring new jobs to Argentina. It is worth noting that Argentina is one of the largest global exporters of soybeans.

During the presidential campaign, Argentina's president, Javier Milei, repeatedly stated his intention to develop cooperation with the USA and Israel, while ceasing to promote ties with China at the government level. He motivated this by his reluctance to deal with a communist country. However, he also emphasized that the state would not hinder businesses in establishing cooperation with China.

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